AM Online

Renault buys 25% stake in Lada owner

The European Commission has cleared a £500 million deal which gives Renault a 25% stake in Avtovaz, the Russian owner of Lada.

The clearance gives the French car manufacturer access to one of the world's fastest growing markets with a well-established brand.

Under the deal, Renault gets three of the 12 seats on the Avtovaz board and will share engines and technologies with the Russian company as it develops a new generation of Ladas. The Lada trademark will be preserved.

The deal brings Renault’s strategic shareholdings in other companies to three entities– the truck maker AB Volvo, Nissan and now AvtoVaz.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.